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"China over the last 20 years built very strong infrastructure. I cannot see any country around the world who can match up with that. Especially when you talk about the toy industry. Whatever spare part I need for my products, I find a supplier (there)," said Peter Handstein, founder and CEO of Hape Group, told Xinhua at the 2020 North American International Toy Fair in New York City.

"China now is the biggest trading partner for 124 countries, while the United States is the biggest trading partner for 58 countries, and parents see the growing influence of China economically and culturally," he said.

"China Baowu Steel is ramping up efforts to further accelerate tech research and development to make energy consumption more efficient in steel productions," Hu said.

"China has, because of the international economic crisis, now been concentrating on creating a domestic demand through the poverty reduction, through these structural reforms, through the infrastructure investment. This now has become a major driver for the Chinese economy, and that's going to have to continue for a while," he said.

"China places great importance on science, technology and innovation. The country follows an innovation-driven development strategy, encourages entrepreneurship and innovation nationwide and fosters sustained economic development and higher living standards."